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Asian stocks to join Wall St, Europe in trade deal rally

Vesna Poljak

Regional sharemarkets are on track for a rally after a breakthrough in the US-China trade talks suspended a tariff escalation due this week on $US250 billion of Chinese exports set for US shores and lifted investors' hopes of a more substantial resolution.

Futures indicate the S&P/ASX 200 Index will rise half a per cent, or 34 points, on Monday. On Wall Street, the S&P 500 and Dow Jones Industrial Average rose more than 1 per cent, and the Euro Stoxx 50 index rose more than 2 per cent, when Chinese Vice Premier Liu He and President Donald Trump convened in the oval office to present a united front on Friday.

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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p5304z